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Slow SF_BulkOps on Update

I am running SF_BulkOps 'Update' to the standard Account table in Salesforce. The source table is only 3 columns, the ID, Annual_Spend__c and Error column. As of right now its been running for about an hour and has only processed ~64k records. That seems very slow and inefficient.

Any idea why that is? At this rate it will take ~17 hours to process the 1.1 million records.

Version 3.1.6
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